Monday, November 16, 2009

Meredith Whitney On The Banks And Dramatically Rising Mortgage Rates.

Posted by Troy Corman, t2 Real Estate

Banking analyst Meredith Whitney doesn't expect bank lending to loosen any time soon. Personally, I've been having a heckuva' time going through a refinance. She expects mortgage rates to go up at least 10%. So lock in low rates now. Tight lending should fuel great housing deals for the remainder of 09 and 2010. Meredith Whitney was the first banking analyst to call the problems at Citi Group and other banks before the official bust. See her sobering outlook in the video below.

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